Markets open flat ahead of F&O Expiry

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The key domestic benchmark indices started the day on a flat note with negative bias tracking mixed cues from the global peers. Also, investors are likely to remain cautious ahead of the F&O expiry due later during the day. Many investors are likely to remain on the sidelines as markets will be closed due to a holiday tomorrow on accounts of Christmas.

Markets open flat ahead of F&O Expiry
On the global front, Asian stocks were trading mixed as sentiment remained supported by an upbeat US economic outlook after the world"s biggest economy grew at the fastest pace since 2003, expanding at an annual rate of 5 per cent in the July-September 2014 quarter. China"s Shanghai Composite tumbled amid bets that the government is taking steps to cool the world"s top performing stock market over the past one month. Hang Sang was trading tad higher while Japan"s Nikkei 225 surged as traders returned to the market following yesterday"s holiday.

The  BSE SENSEX was at 27530.26, up by 23.8 points or by 0.09 per cent, while the NSE Nifty was at 8267 down by 57 points or by 0.68 per cent.

The BSE MIDCAP was at 10074.16 up by 14.87 points or by 0.15 per cent, while the BSE SMLCAP was at 10907.11 up by 16.67 points or by 0.15 per cent.

The BSE Sensex touched an intraday high of 27530.26 and an intraday low of 27530.26, while the NSE Nifty touched an intraday high of 8364.75 and an intraday low of 8252.85.

The top gainers of the BSE Sensex pack were Sesa Sterlite Ltd. (Rs. 206.00,+0.91%), Cipla Ltd. (Rs. 635.00,+0.85%), Sun Pharmaceutical Industries Ltd. (Rs. 817.55,+0.55%), Bharti Airtel Ltd. (Rs. 357.10,+0.55%), ITC Ltd. (Rs. 376.85,+0.53%), among others. The top losers of the BSE Sensex pack were Tata Power Company Ltd. (Rs. 80.80,-0.80%), Dr. Reddy's Laboratories Ltd. (Rs. 3180.00,-0.79%), Tata Steel Ltd. (Rs. 392.05,-0.78%), Hindalco Industries Ltd. (Rs. 152.10,-0.72%), GAIL (India) Ltd. (Rs. 445.65,-0.45%), among others.

Among the sectors, In BSE, BSE_FMCG index was at 7854.71 up by 25.74 points or by 0.33%. Colgate-Palmolive (India) Ltd. (Rs. 1813.00,+1.38%), United Breweries Ltd. (Rs. 825.00,+0.96%), ITC Ltd. (Rs. 376.85,+0.53%),.

On the flip side, In BSE, BSE Metal index was at 10548.69 down by -1.62 points or by -0.02%. Tata Steel Ltd. (Rs. 392.05,-0.78%), Hindalco Industries Ltd. (Rs. 152.10,-0.72%), Steel Authority of India (SAIL) Ltd. (Rs. 81.90,-0.30%), JSW Steel Ltd. (Rs. 1040.00,-0.21%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 379 , shares advanced were 220 while 142 shares declined and 17 were unchanged.

Read more about: sensex, nifty
Story first published: Wednesday, December 24, 2014, 9:48 [IST]
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